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Azearth fiscal Q1 profit climbs 15.8% YOY

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Azearth fiscal Q1 profit climbs 15.8% YOY

Azearth Corp. said its normalized net income for the fiscal first quarter ended July 31 came to ¥2.27 per share, an increase of 12.9% from ¥2.01 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥13.8 million, a gain of 15.8% from ¥11.9 million in the prior-year period.

The normalized profit margin climbed to 0.6% from 0.6% in the year-earlier period.

Total revenue climbed 14.9% on an annual basis to ¥2.33 billion from ¥2.03 billion, and total operating expenses increased 14.9% from the prior-year period to ¥2.31 billion from ¥2.01 billion.

Reported net income increased on an annual basis to ¥18.0 million, or ¥2.97 per share, from ¥4.0 million, or 68 sen per share.

As of Sept. 11, US$1 was equivalent to ¥106.82.